What are the reasons to buy critical illness insurance?

critical illness insurance

Know about critical illness insurance

Critical illness insurance is a special type of policy that offers lump sum payout for several types of life-threatening diseases. When we say coverage, we mean everything from treatment, hospitalization, and surgery to transportation costs and hotel costs and whatnot. You can use this money for other personal expenses or investments as well. The plan can be tailored as per your requirements so you don’t need to pay extra. Also, if you are not sure what type of insurance policy is right for you, you can just discuss your needs with our team members and we will pick an ideal option for you and make sure that the monthly premium’s also affordable. We understand that when a dear one ifs diagnosed with some sort of critical illness, it can take a toll on you both emotionally and financially. Let us bear the load, contact Canadian LIC today for critical illness insurance.

Here’s why you should purchase a critical illness insurance

Critical life insurance does cover all most all expenses related to critical illness treatment, but there’s much more to it. Here are some additional reasons why you should buy critical life insurance. Have a look

  • After a specified amount of time, if you don’t fall ill, you might be eligible to receive full premiums you have paid. If you cancel your policy in between, you still receive some percentage of your premiums back.
  • The payment that you receive from the insurance policy is completely tax-free. You can receive the cash in installments or all at ones.
  • You can have access to the best doctors for the specific type of treatment you may be looking for.
  • Your children can also come under insurance coverage based on the plan you choose.
  • Your spouse can take time off to take care of you and the lost income would be covered under this plan.
  • If you have built a debt due to treatment costs, this insurance can save you from a financial crisis.

Still, need more details? You can call us, and we will be more than happy to assist you. Contact Canadian LIC for critical life insurance and ensure your dear ones get the best treatment possible for any critical disease.